KERNEX2024-01-012024-03-31 KERNEX2024-01-012024-03-31 KERNEX2024-01-012024-03-31in-bse-fin:OneOperatingExpenses01Member KERNEX2024-01-012024-03-31in-bse-fin:OneOperatingExpenses02Member KERNEX2024-01-012024-03-31in-bse-fin:OneOperatingExpenses03Member KERNEX2024-01-012024-03-31in-bse-fin:FourOperatingExpenses01Member KERNEX2024-01-012024-03-31in-bse-fin:FourOperatingExpenses02Member KERNEX2024-01-012024-03-31in-bse-fin:FourOperatingExpenses03Member KERNEX2024-03-31 KERNEX2024-01-012024-03-31in-bse-fin:OneItemsThatWillNotBeReclassifiedToProfitAndLoss01Member KERNEX2024-01-012024-03-31in-bse-fin:FourItemsThatWillNotBeReclassifiedToProfitAndLoss01Member KERNEX2024-01-012024-03-31in-bse-fin:OneItemsThatWillBeReclassifiedToProfitAndLoss01Member KERNEX2024-01-012024-03-31in-bse-fin:FourItemsThatWillBeReclassifiedToProfitAndLoss01Member iso4217:INRxbrli:purexbrli:sharesiso4217:INRxbrli:shares 532686 KERNEX NOTLISTED Kernex Microsystems (India) Limited Equity 2023-04-01 2024-03-31 2024-07-13 2024-07-10 INR Lakhs Yearly 08:45:00 23:35:00 2024-07-13 2024-07-13 true Cash Flow Indirect Statement on impact of audit qualification Single segment SAFETY EQUIPMENTS FOR RAILWAYS 2024-01-01 2024-03-31 Audited Consolidated 89126000.00 824000.00 89951000.00 144152000.00 0.00 -6524000.00 36335000.00 5156000.00 5320000.00 38693000.00 223132000.00 -133182000.00 0.00 -133182000.00 0.00 -6473000.00 -6473000.00 0.00 -126709000.00 0.00 0.00 0.00 0.00 -126709000.00 -114000.00 -126823000.00 -126321000.00 -503000.00 167594000.00 10 -7.53 -7.53 0.00 0.00 -7.53 -7.53 1. The above statement of Audited Standalone Financial Results of Kernex Micro Systems (India) Limited ( the company ) which have been prepared in accordance with the Indian Accounting Standards ( Ind AS ) prescribed under section 133 of the companies act, 2013 ( the act ) read with relevant rules issued thereunder, other accounting generally accepted in India and guidelines issued by the Securities Exchange Board of India( SEBI ) were reviewed and recommended by the Audit Committee are considered and approved by the Board of Directors their meeting held on July 13, 2024. Theses results are as per Regulation 33 of SEBI( Listing Obligations and Disclosure Requirements) Regulations, 2015 as amended. 2. The Company Operates on one reportable Segment.i.e Safety Systems for Railways and hence segment reporting as per ind AS-108 is not applicable. 3.The company's assessment of recoverability and impairment of the following financial assets has been included by the auditors under Emphasis of matter . The Management is of the view that these assets are good and recoverable and consequently no provision beyond what is carried in the books is required. a.Trade receivables from customers Rs 503.14 lakhs( Including related party of Rs. 234.75 lakhs ), ( Previous year Rs 414.57 lakhs) net of Expected credit loss (ECL) provision. b.Minium alternative tax credit (MAT) Credit receivable is Rs 122.56 Lakhs.( Previous year Rs 122.56 lakhs). Recoverability of MAT credit would depend upon company ability to earn taxable profits in future before expiry of the timelimit prescribed for carryforward of MAT credit. c.Margin money deposits with banks of Rs.1511.06 Lakhs (Previous year Rs 1721.38 lakhs) secured for customer guarantees of Rs 2212.08 Lakhs (Previous Year 2796.70 Lakhs) and under arbitration/negotiation. 4. The figures for the quarter ended 31 St March 2024 and 2023 represent the differences between the audited figures in respect of full financial year and the published figures for the nine months ended December 31,2023 and December 31,2022, respectively. 5. The Results for the quarter ended 31 St March , 2024 are also available on websites of BSE Limited, National Stock Exchange Limited and on the company's website. 6.Figures for previous periods have been regrouped/rearranged, wherever considered necessary , inline with the current period presentation. 7. The consolidated results of the company is including the results of 100% wholly owned subsidiary namely Avant- Garde Infosystems Inc, USA and Joint Venture firm TICAS JV( 80% share is owned by Kernex Microsystems( India) limited. 8. Depreciation and amortization expense for the year includes the amount of Rs 263 lakhs pertaining to software development of our 1005 wholly owned subsidiary Avant-Garde Infosystems Inc, USA . Amortization of full value of asset provided for, Single segment 2023-04-01 2024-03-31 Audited Consolidated 195980000.00 13063000.00 209043000.00 504458000.00 0.00 -375499000.00 125329000.00 23758000.00 49700000.00 149263000.00 477009000.00 -267966000.00 0.00 -267966000.00 0.00 -869000.00 -869000.00 0.00 -267097000.00 0.00 0.00 0.00 0.00 -267097000.00 9570000.00 -257527000.00 -254550000.00 -2979000.00 167594000.00 10 898527000.00 -16.61 -16.61 0.00 0.00 -16.61 -16.61 Amount transferred to capital expenditure -28715000.00 Other Expenses 49822000.00 Project Execution Expenses 17585000.00 Amount transferred to capital expenditure -35277000.00 Other Expenses 118338000.00 Project Execution Expenses 66202000.00 -4125000.00 236815000.00 0.00 0.00 0.00 84000.00 23139000.00 0.00 0.00 0.00 58008000.00 0.00 25255000.00 83262000.00 0.00 25874000.00 369174000.00 716956000.00 0.00 3632000.00 39083000.00 153234000.00 0.00 2445000.00 198394000.00 15515000.00 287131000.00 1217996000.00 0.00 0.00 1587170000.00 167594000.00 898527000.00 1066121000.00 1061996000.00 1852000.00 0.00 0.00 1852000.00 135000.00 11496000.00 0.00 0.00 13483000.00 278064000.00 162633000.00 58926000.00 499623000.00 12066000.00 0.00 0.00 0.00 511690000.00 0.00 0.00 525173000.00 1587170000.00 23758000.00 -577288000.00 1226000.00 0.00 -141914000.00 5299000.00 -3778000.00 -1377000.00 0.00 150599000.00 0.00 0.00 0.00 49700000.00 0.00 -3395000.00 0.00 1576000.00 0.00 17946000.00 0.00 0.00 0.00 0.00 0.00 0.00 -190000.00 29504000.00 0.00 -448336000.00 -716302000.00 0.00 0.00 0.00 0.00 0.00 -716302000.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 2213000.00 24849000.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 145000.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 -23139000.00 0.00 -45921000.00 0.00 0.00 523900000.00 0.00 0.00 0.00 0.00 0.00 176053000.00 3153000.00 0.00 0.00 0.00 23758000.00 0.00 -24676000.00 648366000.00 -113857000.00 0.00 -113857000.00 152941000.00 39084000.00 Items that will not be reclassified to Statement of Profit and loss 81000.00 Items that will not be reclassified to Statement of Profit and loss 81000.00 81000.00 81000.00 21000.00 21000.00 Items that will be reclassified to Statement of Profit and loss -174000.00 Items that will be reclassified to Statement of Profit and loss 9510000.00 -174000.00 9510000.00 0.00 0.00